You roll a die, winning nothing if the number of spots is odd, $1 for a 2
Question:
a) Find the expected value and standard deviation of your prospective winnings.
b) You play twice. Find the mean and standard deviation of your total winnings.
c) You play 40 times. What's the probability that you win at least $100?
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a Let X the number of dollars won in one play EX 036 126 1016 2 2 VarX 0 2 2 36 1 ...View the full answer
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Related Book For
Stats Data and Models
ISBN: 978-0321986498
4th edition
Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock
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